Property for saleBellegrove Road, Welling, DA16
- COMMERCIAL INVESTMENT / 999 YEAR LEASE
- TENANT HOLDS 15 YEAR LEASE FROM 2014
- RENTAL INCOME £19,000 PER ANNUM
- REVIEWS DUE IN 2019 & 2024
- RETAIL AREA APPROX 1,135 SQ. FT.
The subject premises enjoys a prominent position on the very busy Bellegrove Road at the Junction of Hook Lane, Welling High Street, Upper Wickham Lane and Danson Crescent.
The surrounding area is an established retail area and nearby businesses include Boots, a separate Boots opticians, Poundland, Superdrug, Lidels, Morrisions and Tescos supermarkerts, McDonald, KFC, Lloyds, HSBC and many independent and specialists retailers.
Bellegrove Road and Welling High Street in a very busy local thoroughfare, buses frequently pass the door and Welling railway station is within easy walking distance. There is a busy bus stop almost immediately outside the property plus there is a high volume of footfall and passing trade for much of the day. Parking for the premises is along Danson Crescent or in the nearby side roads.
DESCRIPTION: The subject property comprises a ground floor double fronted mid-terraced property which we understand for many years has been configured as an A1 lock up shop.
The business is that of an independent curtain designers who we understand have been trading from this premises since June 2014.
There is residential accommodation arranged over the upper floors in the form of two flats but they are not included in this sale.
Gross frontage 37'1''
Internal Width (max) 34'1''
Narrowing at rear to 13'9''
Shop Depth 45'11''
Built Depth 52'11''
Sales Area Approx. 1,135 sq. ft.
Rear Store Area Approx. 60 sq. ft.
Our clients recently acquired the freehold of this property and are now offering a new 999 year lease for the ground floor premises.
The FRI sub lease with the commercial tenant commenced on the 16th June 2014 for a term of 15 Years. The passing rental is £19,000 per annum which is subject to reviews in 2019 & 2024.
There is a £4,750 rent deposit held.
We understand that the rates are the responsibility of the tenant.
Energy Performance Certificates (EPCs)
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